Report Update Nov 1, 2024

Myanmar - Petrol and Oil Dispensing Pumps - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Myanmar: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Myanmar

The Myanmar's oil dispensing pump market declined sharply to $X in 2021, waning by -56.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a slight decrease. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Oil Dispensing Pump Exports

Exports from Myanmar

In 2021, approx. X units of petrol and oil dispensing pumps were exported from Myanmar; increasing by 15% against 2020 figures. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 400%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, oil dispensing pump exports declined to $X in 2021. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 280% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X units) was the main destination for oil dispensing pump exports from Myanmar, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Singapore totaled +41.7%.

In value terms, Singapore ($X) also remains the key foreign market for petrol and oil dispensing pumps exports from Myanmar.

From 2012 to 2021, the average annual growth rate of value to Singapore stood at +55.8%.

Export Prices by Country

The average oil dispensing pump export price stood at $X per unit in 2021, which is down by -24.6% against the previous year. Overall, the export price, however, saw a prominent increase. The pace of growth appeared the most rapid in 2013 an increase of 160% against the previous year. The export price peaked at $X per unit in 2020, and then declined markedly in the following year.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2021, the rate of growth in terms of prices for Thailand amounted to +109.7% per year.

Oil Dispensing Pump Imports

Imports into Myanmar

In 2021, overseas purchases of petrol and oil dispensing pumps decreased by -58.3% to X units, falling for the second year in a row after two years of growth. In general, imports recorded a noticeable decrease. The pace of growth appeared the most rapid in 2015 when imports increased by 341% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, oil dispensing pump imports shrank markedly to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 270% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of oil dispensing pump to Myanmar, with a 51% share of total imports. Moreover, oil dispensing pump imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), twofold. The third position in this ranking was taken by India (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-8.4% per year) and India (+26.4% per year).

In value terms, the largest oil dispensing pump suppliers to Myanmar were Thailand ($X), China ($X) and India ($X), with a combined 72% share of total imports. These countries were followed by Germany, South Korea, Singapore and Brazil, which together accounted for a further 15%.

In terms of the main suppliers, Germany, with a CAGR of +36.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average oil dispensing pump import price amounted to $X per unit, increasing by 8.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2014 an increase of 29%. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for petrol and oil dispensing pumps in the world?

The country with the largest volume of oil dispensing pump consumption was China, comprising approx. 25% of total volume. Moreover, oil dispensing pump consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Belgium ranked third in terms of total consumption with a 7.6% share.

What are the largest producers of petrol and oil dispensing pumps in the world?

The country with the largest volume of oil dispensing pump production was China, accounting for 38% of total volume. Moreover, oil dispensing pump production in China exceeded the figures recorded by the second-largest producer, India, fourfold. Italy ranked third in terms of total production with a 7.6% share.

What are the leading suppliers of petrol and oil dispensing pumps to Myanmar?

In value terms, China, Germany and Thailand appeared to be the largest oil dispensing pump suppliers to Myanmar, with a combined 94% share of total imports.

What is the average export price for petrol and oil dispensing pumps in Myanmar?

In 2020, the average oil dispensing pump export price amounted to $477 per unit, reducing by -48.4% against the previous year.

What is the average import price for petrol and oil dispensing pumps in Myanmar?

In 2020, the average oil dispensing pump import price amounted to $611 per unit, increasing by 12% against the previous year.

This report provides an in-depth analysis of the oil dispensing pump market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28131105 - Petrol and oil dispensing pumps, unit

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023